February — IAS Plus

Observers' notes from February 2003 Advisory Council meeting

Feb 28, 2003

So our home page can download more quickly, we have moved our unofficial observers' notes from the February SAC meeting to a Separate Page.

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IFRS model financial statements in Chinese

Feb 28, 2003

We have posted the 2002 version of the IFRS model financial statements in Chinese.

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Our comments on proposed IAS/IFRS certification programme

Feb 26, 2003

Deloitte Touche Tohmatsu has submitted a letter of comment on the (PDF 60k).

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EU proposes to enlarge small-company reporting exemptions

Feb 26, 2003

European law allows member States to exempt small companies from certain requirements for disclosures in their accounts, preparing consolidated accounts, preparing an annual report, and being audited.

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Valuation issues arising in IASB projects

Feb 25, 2003

The February 2003 edition of Global Valuation Issues (PDF 144k), the newsletter of the International Valuation Standards Committee, includes an update on valuation issues arising in IASB's agenda projects.

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Some new and revised IFRS will be effective for 2005, others not

Feb 25, 2003

The IASB has announced, via a story in its Insight newsletter, that certain new or revised standards will be mandatory for 2005 and that others will be encouraged but not mandatory, as follows: Mandatory for 2005 Business Combinations – both Phases I and II Convergence – short-term items First-Time Application of IFRS Improvements to Existing IFRS Amendments to IAS 32 and IAS 39 Insurance Contracts Phase I Share-Based Payment Not mandatory for 2005.Early application encouraged: Consolidation, including special purpose entities Deposit-Taking, Lending, and Securities Activities Performance Reporting (now called Income Statements) Post-Employment Benefits (part of the Convergence project) Liabilities, Equity, and Revenue Recognition Segment Reporting (part of the Convergence project) .

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Comparison of IFRS and Canadian GAAP

Feb 24, 2003

We have posted a comparison of International Financial Reporting Standards and Canadian GAAP.

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Project pages updated for February meeting deliberations

Feb 24, 2003

We have updated our project pages for the following projects to reflect our notes from the Board's February 2003 meeting: Business Combinations (Phase II) Convergence Topics First-Time Application of IFRS Improvements to IFRS Insurance Contracts (Phase I) Liabilities, Equity, and Revenue Reporting Performance .

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Notes from the third day of the February IASB meeting

Feb 23, 2003

We have consolidated all of our notes from the 19-21 February 2003 IASB meeting onto a Single Web Page. .

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